SEC 13F Intelligence

Managers / Q1 2023 · view latest →

TIG Advisors, LLC

CIK 0001358253 · C/O ALTI GLOBAL, INC., 22 VANDERBILT AVENUE, 27TH FLOOR, NEW YORK, NY, 10017 · 212-759-0340

Reported Value
$1.4B
Q1 2023
Positions
48
Filings on Record
33
2019–present window
Filed
May 15, 2023
original filing

Summary

Tig Advisors, LLC reported $1.4B in U.S.-listed holdings across 48 positions for Q1 2023.

Its largest position, Horizon Therapeutics Pub L, represents 16.9% of the portfolio.

Compared with Q4 2022, the fund opened 32 new positions and exited 32.

Portfolio Metrics

Turnover
+63.5%
vs prior filed quarter
Top-10 Concentration
+80.1%
share of reported value
Largest Position
+16.9%
Horizon Therapeutics Pub L
New / Exited
32 / 32
positions this quarter

Methodology: turnover is min(value bought, value sold) ÷ average reported value across the two quarters — value-based, so market moves inflate it slightly versus a share-based measure. Concentration and largest position are shares of the filing’s total reported value, options excluded. New/exited counts compare against the prior filed quarter. All figures derive solely from the fund’s 13F filings.

Reported Value by Quarter

13F Reported Value
Q4 ’18: $1.1BQ4 ’18Q1 ’19: $2.4BQ2 ’19: $2.4BQ3 ’19: $2.2BQ4 ’19: $1.7BQ4 ’19Q1 ’20: $2.5BQ2 ’20: $983MQ3 ’20: $1.8BQ4 ’20: $2.0BQ4 ’20Q1 ’21: $2.7BQ2 ’21: $3.0BQ3 ’21: $2.2BQ4 ’21: $2.0BQ4 ’21Q1 ’22: $2.6BQ2 ’22: $2.4BQ3 ’22: $2.7BQ4 ’22: $1.7BQ4 ’22Q1 ’23: $1.4BQ2 ’23: $1.8BQ3 ’23: $2.2BQ4 ’23: $801MQ4 ’23Q1 ’24: $1.0BQ2 ’24: $1.4BQ3 ’24: $1.5BQ4 ’24: $1.4BQ4 ’24Q1 ’25: $1.6BQ2 ’25: $1.9BQ3 ’25: $1.7BQ4 ’25: $2.2BQ4 ’25Q1 ’26: $2.2Bfilingsflow.com

Portfolio Composition

By security type
Common Stock: 46.3%Other: 38.9%REIT: 14.8%
  • Common Stock · 46.3% · $630M
  • Other · 38.9% · $531M
  • REIT · 14.8% · $202M

Quarter-over-Quarter Changes full breakdown →

vs Q4 2022 (amended baseline)

IssuerMoveShare ΔShares nowValue ΔValue now
NATIONAL INSTRS CORPNEW+4.07M4.07M+$213M$213M
LIFE STORAGE INCNEW+1.47M1.47M+$193M$193M
OAK STR HEALTH INCNEW+3.97M3.97M+$153M$153M
MAXRUSDMAXAR TECHNOLOGIES INCNEW+1.25M1.25M+$64M$64M
ARCONIC CORPORATIONNEW+2.19M2.19M+$57M$57M
CTLTEURCATALENT INCNEW+517.1K517.1K+$34M$34M
AMRYT PHARMA PLCNEW+1.67M1.67M+$24M$24M
TAUSDTRAVELCENTERS OF AMERICA INCNEW+246.6K246.6K+$21M$21M

Value changes conflate price moves with buying and selling — share changes are the real signal. Share counts are not split-adjusted.

Holdings — Q1 2023

37 positions
Export to Excel
#IssuerClass% PortfolioValue ↓Shares
1HORIZON THERAPEUTICS PUB LSHS16.87%$230M2.11M
2NATIONAL INSTRS CORPCOM14.44%$197M3.75M
3LIFE STORAGE INCCOM14.17%$193M1.47M
4OAK STR HEALTH INCCOM11.26%$153M3.97M
5UNVREURUNIVAR SOLUTIONS INChistory →COM5.54%$75M2.15M
6MAXRUSDMAXAR TECHNOLOGIES INChistory →COM4.67%$64M1.25M
7TOWER SEMICONDUCTOR LTDSHS NEW4.45%$61M1.43M
8ATVIEURACTIVISION BLIZZARD INChistory →COM3.34%$45M530.8K
9ARCONIC CORPORATIONCOM2.79%$38M1.45M
10TGNATEGNA INChistory →COM2.52%$34M2.03M
11CTLTEURCATALENT INChistory →COM2.11%$29M437.9K
12AMRYT PHARMA PLCSponsored ADS1.78%$24M1.67M
13TAUSDTRAVELCENTERS OF AMERICA INChistory →COM NEW1.57%$21M246.6K
142JEFOCUS FINL PARTNERS INChistory →COM CL A1.45%$20M381.1K
15NUVAGBPNUVASIVE INChistory →COM1.25%$17M411.6K
16AQUAUSDEVOQUA WATER TECHNOLOGIES COhistory →COM1.16%$16M316.6K
17GMEDGLOBUS MED INChistory →CL A0.77%$10M184.3K
18FT2FIRST HORIZON CORPORATIONCOM0.68%$9M522.3K
19PSAPUBLIC STORAGECOM0.62%$9M28.2K
20XYLXYLEM INCCOM0.60%$8M78.3K
21WWEUSDWORLD WRESTLING ENTMT INCCL A0.41%$6M60.9K
22EMREMERSON ELEC COCOM0.33%$5M51.6K
23MRCYMERCURY SYS INCCOM0.29%$4M78.1K
24SPBSPECTRUM BRANDS HLDGS INC NECOM0.26%$4M53.2K
25MXLMAXLINEAR INCCOM0.21%$3M81.3K
26NXSTNEXSTAR MEDIA GROUP INCCOMMON STOCK0.11%$1M8.7K
27STRATASYS LTDSHS0.10%$1M82.0K
28ULCCFRONTIER GROUP HLDGS INCCOM0.09%$1M126.8K
29QUALTRICS INTL INCCOM CL A0.09%$1M67.9K
307S3U S XPRESS ENTERPRISES INCCOM CL A0.09%$1M195.4K
31BBIOBRIDGEBIO PHARMA INCCOM0.06%$816,86349.3K
32ICEINTERCONTINENTAL EXCHANGE INCOM0.03%$426,7554.1K
33MILLICOM INTL CELLULAR S ACOM STK0.03%$403,43121.3K
34JBLUJETBLUE AWY CORPCOM0.03%$348,82147.9K
35DIVERSEY HLDGS LTDORD SHS0.01%$202,25025.0K
36FRCBFIRST REP BK SAN FRANCISCO CCOM0.01%$199,52514.3K
37CAZOO GROUP LTDCL A0.01%$98,08439.4K

Filing History

QuarterReported ValuePositionsFiledTypeLinks
Q1 2026$2.2B107May 15, 202613F-HRchanges · EDGAR ↗
Q4 2025$2.2B70Feb 17, 202613F-HRchanges · EDGAR ↗
Q3 2025$1.7B75Nov 14, 202513F-HRchanges · EDGAR ↗
Q2 2025$1.9B54Aug 14, 202513F-HRchanges · EDGAR ↗
Q1 2025$1.6B61May 15, 202513F-HRchanges · EDGAR ↗
Q4 2024$1.4B65Feb 14, 202513F-HRchanges · EDGAR ↗
Q3 2024$1.5B49Nov 14, 202413F-HRchanges · EDGAR ↗
Q2 2024$1.4B57Aug 14, 202413F-HRchanges · EDGAR ↗
Q1 2024$1.0B48May 15, 202413F-HRchanges · EDGAR ↗
Q4 2023$801M48Feb 14, 202413F-HRchanges · EDGAR ↗
Q3 2023$2.2B46Nov 14, 202313F-HRchanges · EDGAR ↗
Q2 2023$1.8B48Aug 14, 202313F-HRchanges · EDGAR ↗
Q1 2023$1.4B48May 15, 202313F-HRchanges · EDGAR ↗
Q4 2022$1.7B51Feb 14, 202313F-HRchanges · EDGAR ↗
Q3 2022$2.7B167Nov 14, 202213F-HRchanges · EDGAR ↗
Q2 2022$2.4B210Aug 15, 202213F-HRchanges · EDGAR ↗
Q1 2022$2.6B211May 16, 202213F-HRchanges · EDGAR ↗
Q4 2021$2.0B256Feb 14, 202213F-HRchanges · EDGAR ↗
Q3 2021$2.2B354Nov 15, 202113F-HRchanges · EDGAR ↗
Q2 2021$3.0B404Aug 16, 202113F-HRchanges · EDGAR ↗
Q1 2021$2.7B421May 18, 202113F-HRchanges · EDGAR ↗
Q4 2020$2.0B207Feb 16, 202113F-HRchanges · EDGAR ↗
Q3 2020$1.8B121Nov 16, 202013F-HRchanges · EDGAR ↗
Q2 2020$983M44Aug 14, 202013F-HRchanges · EDGAR ↗
Q1 2020$2.5B57May 15, 202013F-HRchanges · EDGAR ↗
Q4 2019$1.7B48Feb 14, 2020RESTATEMENTchanges · EDGAR ↗
Q3 2019$2.2B49Nov 14, 201913F-HRchanges · EDGAR ↗
Q2 2019$2.4B52Aug 30, 2019RESTATEMENTchanges · EDGAR ↗
Q1 2019REVEALED$2.4B74May 15, 201913F-HRchanges · EDGAR ↗
Q4 2018$1.1B41Feb 14, 201913F-HRchanges · EDGAR ↗

Other Included Managers

This filing reports holdings on behalf of 2 additional managers.

  • TIG Arbitrage Enhanced Master Fund, L.P.028-16696
  • TIG ARBITRAGE ASSOCIATES MASTER FUND, L.P.028-13433

13F filings are due up to 45 days after quarter end, so holdings shown here lag the fund’s current book. Source: original SEC filing on EDGAR ↗.